Partnering With Your GM: Structuring the Right Deal
It is not uncommon for the owner of a dealership that is operated by a general manager (GM) to at some point make that GM a partner. Though a common practice, there are certain elements of this arrangement that we have found may lead to better results for the majority owner.
Warranty Reimbursement at Retail: No More Excuses. Dealers in 40 States Should Be Applying...
With the help of experienced legal counsel, a dealership can enhance its bottom line by submitting to its manufacturer comprehensive applications for a warranty labor rate increase and a warranty parts markup.
Steel Tariff Could Be a Blow for Ford, GM
The White House proposed a 25 percent tariff on steel and a 10 percent tariff on aluminum, and in the auto industry, this is the buzzing you’re hearing.
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Heads Up: New Tax Laws Impacting Automotive Dealers
The provisions of the Act provides many opportunities and some pitfalls. More than ever, owners of automobile dealerships need to consult their tax advisers to understand both the business and personal implications of the new tax laws.
